Lam Research (NASDAQ:LRCX) Releases Q1 2027 Earnings Guidance

Lam Research (NASDAQ:LRCX) issued an update on its first quarter 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.000-2.300 for the period, compared to the consensus EPS estimate of 1.810. The company issued revenue guidance of $7.7 billion-$8.5 billion, compared to the consensus revenue estimate of $7.0 billion.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. B. Riley Financial lifted their price objective on Lam Research from $350.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. lifted their target price on Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Wells Fargo & Company reissued an “overweight” rating and issued a $450.00 price objective (up from $365.00) on shares of Lam Research in a research report on Monday, June 22nd. Wall Street Zen downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, BNP Paribas Exane lifted their price target on shares of Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $363.37.

Lam Research Stock Performance

LRCX stock traded down $17.26 during mid-day trading on Wednesday, hitting $252.35. 15,803,685 shares of the company were exchanged, compared to its average volume of 11,359,695. Lam Research has a 1-year low of $90.93 and a 1-year high of $438.50. The stock has a market capitalization of $315.58 billion, a PE ratio of 47.61, a price-to-earnings-growth ratio of 1.73 and a beta of 1.80. The business has a 50 day simple moving average of $341.94 and a 200-day simple moving average of $275.43. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities analysts forecast that Lam Research will post 5.68 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Lam Research’s payout ratio is currently 19.62%.

Insiders Place Their Bets

In related news, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the sale, the senior vice president directly owned 66,129 shares in the company, valued at $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 98,611 shares of company stock worth $32,250,190 in the last quarter. Corporate insiders own 0.31% of the company’s stock.

Key Headlines Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: AI and memory demand remain key growth drivers. Recent investor commentary highlighted continued spending on AI data centers, memory and semiconductor capacity—areas that support demand for Lam Research’s wafer-fabrication equipment. Lam Research Rose on AI Data Center and Memory Spending
• Positive Sentiment: Strong semiconductor capital spending has supported the stock. Fund commentary pointed to Lam Research’s exposure to cyclical semiconductor, memory and optical-equipment spending, particularly amid the AI investment boom. Lam Research Corporation Rose on Strong Semiconductor Capital Spending
• Neutral Sentiment: Investors are focused on the fiscal fourth-quarter report due after the market closes on July 29. Lam Research previously reported $5.84 billion in fiscal third-quarter revenue and record non-GAAP earnings per share of $1.47, which exceeded estimates by 8.1%. The new report and management’s outlook will be important tests for the stock’s elevated expectations. Lam Research Earnings Preview
• Negative Sentiment: Broader market weakness is pressuring semiconductor stocks. U.S. equity indexes declined ahead of a Federal Reserve briefing and major technology earnings, while geopolitical concerns involving Iran added to investor caution. This risk-off environment likely contributed to selling in LRCX ahead of its earnings release. US Equity Indexes Slide Ahead of Fed Briefing and Big Tech Results

Hedge Funds Weigh In On Lam Research

Large investors have recently bought and sold shares of the company. Brighton Jones LLC increased its position in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after acquiring an additional 12,936 shares during the period. Caxton Associates LLP acquired a new position in shares of Lam Research during the first quarter worth $239,000. Gabelli Funds LLC bought a new stake in shares of Lam Research in the second quarter worth $253,000. NewEdge Advisors LLC increased its holdings in Lam Research by 2.7% in the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock valued at $9,785,000 after purchasing an additional 2,661 shares during the period. Finally, Osterweis Capital Management Inc. increased its holdings in Lam Research by 5,206.7% in the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 781 shares during the period. 84.61% of the stock is currently owned by institutional investors.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.